Friday, April 17, 2015

John Embry and Harry S. Dent Jr.

April 17, 2015

Featured Guests
John Embry & Harry S. Dent Jr.
(alphabetical guest order)
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Summary:
  • Economist and best-selling author Harry S. Dent Jr., returns to the show with analysis on the Greek debt crisis
  • The Grexit is merely the tip of the iceberg, the US and most developed nations have accumulated enormous debt burdens, under the guise of entitlement programs.
  • Given that the Grexit appears imminent, our guest thinks Spain and Portugal could be the next to face debt issues.
  • Credit risk is increasing - investors must anticipate a resulting increase in the cost of credit, i.e. interest rates on mortgages, loans, etc..
  • Government profligacy worldwide has created financial bubbles, particularly in real estate.
  • Singapore officials have recognized the threat and imposed restrictions to offset rampant speculation in housing, similar to Dr. Greenspan's 1996 irrational exuberance warning.
  • Despite assurances to the contrary by mainline pundits, the resulting economic fallout could ignite Great Depression like conditions or worse.
  • Listener's are advised to make preparations by stockpiling necessities and precious metals.
  • The guest and host agree, given the anticipated market uncertainty, the best investment strategy is a balanced portfolio comprised of broadly diversified / competing asset classes, including precious metals (the guest recommends an allocation of at least 10%), cash, real estate, equities, bonds energy and commodities.
  • John Embry, Chief Investment Strategist at Sprott Asset Management, returns to the show with his thoughts on the US dollar rally.
  • Policies in Japan are undermining the yen currency, while the crude oil price plunge has devalued the Canadian Loonie, making the US Greenback appear strong.
  • The resulting financial mirage is directing global money flows into US equities - an overvalued sector.
  • US corporate earnings appear overstated from a historical perspective due in part to irregular accounting methods.
  • John Embry does not expect stock prices to collapse until central bank officials resort to more hawkish monetary policies.
  • Gold remains the de facto antithesis of paper money.
  • Once gold reflects its true intrinsic value relative to the quadrillions of paper debt worldwide, the currency scheme will unravel at the seams.
  • Expect a new global currency system to emerge as investors shun the negative yields of debt / bonds in favor of dividend yielding gold / silver shares.
  • Bifurcated economic conditions in the US continues to expand, denoted by the overt divide between the haves and have nots.
  • Favorite gold mining companies include Agnico Eagle (AEM) and Goldcorp (GG), as well as two smaller companies outlined in the show.
  • Please record your questions and comments via our NEW hotline 24/7, you can leave your first name or remain anonymous if you prefer: Q&A Hotline: 1-206-666-5370.

Show Host
Chris Waltzek:
About Chris
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Friday, April 10, 2015

James Turk, John Williams and Listener's Q&A

April 10, 2015

Featured Guests
James Turk, John Williams and Listener's Q&A
(alphabetical guest order)
Please listen here:


Summary:
  • James Turk returns to the program with comments on Fed profligacy, which will eventually send the yellow metal into the stratosphere, already up 10% against the euro currency in 2015.
  • Expect safe haven buying in the euro zone to intensify, making precious metals investments once again the asset class du jour.
  • For the first time this century, the NY Fed's gold reserves recently dropped below 6,000 tons, hinting that officials are manipulating the market lower via covert gold sales.
  • US officials are making a strategic blunder of epic proportions by making China an economic foe - policy could be reversed to avert disaster while igniting significant synergies between the world's two largest economic superpowers.
  • China should be nurtured as a Panda ally, not a tiger rival.
  • Expect the dollar rally to fade, making the precious metals sector an attractive investment opportunity.
  • John Williams returns to Goldseek.com Radio with dire thoughts on the veracity of the official economic figures.
  • The domestic economy has not recovered - virtually every economic indicator remains stagnant since 2009.
  • According to the Wall Street Journal, the typical American household spends 62% merely to pay housing / grocery bills, an unsustainable burden
  • While corporations have recovered from the recession, the everyday consumer has not.
  • Without real income growth the largest component of the domestic economy, consumption (over 70%) could falter.
  • The US Dollar will likely reverse course, which will result with runaway inflation and hyperinflation.
  • The best defense is a good offense - only gold and silver investments can protect investors from the sea change event.
  • His 2015 economic forecast includes a sharp decrease in economic growth / output, causing Fed officials to further delay rate hikes.
  • Amid increasing global-currency concerns, stockpiling several months of cash in a well-hidden, fire proof safe is advisable.
  • The ruble increased in value from 44,000 per ounce to 90,000 in 2014, currently at over 70,000 due to the crude oil plunge. The ruble fell so abruptly that gold doubled in value virtually overnight - the cost of goods and services blasted higher crushing the purchasing power of those without gold and silver insurance.
  • The central fund of Canada, a PMs ETF with equally weighted gold / silver holdings is located outside the US providing additional geographic diversification.
  • Caller George asks if the Fed is colluding to make the US dollar more attractive, particularly US Bonds, by forcing competing currencies like the euro into a negative interest rate environment.
  • Alpha stocks newsletter subscribers are offered a 10% dividend yielding gold ETF-alternative.
  • Caller John notes the Fed's massive mortgage backed security stockpile. The host concurs, citing how MBS rate-risks is an Achilles heal and likely why the Fed is so hesitant to initiate rate hikes.
  • Listener Vidya is concerned by the threat of a looming, global economic collapse. The host expects such a scenario to come to pass within 5-10 years, given that the BRICS nations are shunning the US dollar.
  • The global economic end game could involve a sudden collapse that will catch virtually every investor off guard, in turn catapulting the value of PMs, circa Europe in 1922, Venezuela, and Zimbabwe, etc.. Please record your questions and comments via our NEW hotline 24/7, you can leave your first name or remain anonymous if you prefer: Q&A Hotline: 1-206-666-5370.

Show Host
Chris Waltzek:
About Chris
Contact Host:

Please listen here:

Dial-Up Real Audio
MP3
FAST Download:
Highest Quality Download:
Right Click Above and "Save Target As..." to download. To learn more about software needed to play the above formats, please visit the FAQ.

NEW - Hotline - Q&A:
1-206-666-5370

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